The Pakistani Rupee (PKR) experienced a momentous rebound on Friday, recording a historic single-day recovery of PKR 13.85 against the dollar in the interbank foreign exchange market’s closing rates.
(more…)Category: Top stories
Find top stories in this section. Pakistan Revenue brings you the latest and most important news from Pakistan and around the world, keeping you informed with key updates and insights.
-
Pakistan’s telecom sector faces billions in losses as internet suspension takes toll
Pakistan’s telecom sector has experienced a significant blow with financial losses amounting to Rs2.46 billion due to the suspension of broadband internet services over a three-day period.
(more…) -
PKR stages remarkable recovery, surging to 285 against dollar in early trading
In early trade, the Pakistani Rupee (PKR) achieved a historic recovery against the dollar, strengthening by 13.93 and trading at PKR 285 in the interbank foreign exchange market.
(more…) -
Pakistan’s economy grapples with stagflation: IMF
In the face of a challenging economic situation marked by stagflation, severe floods, and substantial financing needs, Pakistan has actively engaged with the International Monetary Fund (IMF) to address these pressing issues.
(more…) -
Latest data show Pakistan’s foreign exchange reserves drop to $9.99 billion
Pakistan’s foreign exchange reserves have witnessed a decline, reaching $9.99 billion by the week ending May 5, 2023, according to the latest data released by State Bank of Pakistan (SBP).
(more…) -
Supreme Court declares arrest of Imran Khan Illegal
In a groundbreaking decision, the Supreme Court of Pakistan has declared the arrest of former Prime Minister Imran Khan as illegal.
(more…) -
Massive Rs150 billion withdrawal hits Pakistan banking system in April 2023
In April 2023, the banking system in Pakistan experienced a massive withdrawal of Rs150 billion, leading to a decline in total deposits from the previous month’s record high.
(more…) -
Rupee witnesses bloodbath; hits record low of PKR 298.93 against dollar
The Pakistani Rupee (PKR) on Thursday experienced another day of significant depreciation against the US dollar, hitting a record low at PKR 298.93 in the interbank foreign exchange market.
(more…) -
Dollar tops PKR 295 in midday trading
The Pakistani Rupee (PKR) on Thursday hit a historic low against US Dollar for second consecutive day. The PKR depreciated to PKR 295 against dollar during the midday trading in interbank foreign exchange market.
(more…) -
PM Shehbaz Sharif defends Imran Khan’s arrest: warns miscreants
Prime Minister Muhammad Shehbaz Sharif addressed the nation on Wednesday, reiterating that the National Accountability Bureau (NAB) had legally arrested Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on corruption and corrupt practice charges related to the Al Qadir Trust case involving a whopping amount of Rs60 billion (£190 million).
(more…)